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Forex Trade Manager MT4

4.91

Do you think that in markets where the price can change in a split second, placing orders should be as simple as possible? In Metatrader, each time you want to open an order, you have to open a window where you enter the opening price, stop loss and take profit, as well as the trade size. In trading the financial markets, capital management is essential to maintain your initial deposit and multiply it. So, when you want to place an order, you probably wonder how big a trade you should open? What percentage of your deposit should you risk on this single trade? How much can you profit from this trade and what is the profit to risk ratio? Before you set the trade size, you do the necessary calculations to get an answer to the question of what the trade size should be.

Imagine that you have a tool that does all this automatically. You open a chart, make a market analysis and mark with horizontal lines the entry point, defence point (stop loss) and target (take profit), and at the end you define the level of risk, e.g. as a % of available capital, that you are able to bear in this transaction, and the program at this point provides:

  • the acceptable transaction size for the defined risk and stop loss size
  • Stop Loss and Take Profit values in pips, points and account currency
  • risk to reward ratio

Now all that remains is to click the appropriate button on the panel to open the trade

If you are a scalper and need to quickly open and close trades without setting defenses or targets, then you have everything at your fingertips in the Trade Manager panel, where you can define fixed order parameters and quickly open them by clicking the 'Buy' or 'Sell' button.

Closing or deleting orders is also done directly from the Trade Manager panel, where you can close everything with one button, or select a specific type of pending order, or close only profitable or loss-making trades.

Another problem with forex trading is trade management. You have probably encountered a situation where you stepped away from the screen for a moment and the market made a sudden move. If you had been at your computer at the time, you would have been able to gain a lot more by reacting quickly enough.

In this situation, the best solution is to set up a robot to control your trades 24 hours a day. In Trade Manager you have the following functions for managing your positions:

  • automatic break even - the program will protect your trade from loss when it reaches minimum profit
  • trailing stop - as your trade gains, the program secures another portion of the profits
  • partial closes - as the price moves in the right direction and your trade reaches further intermediate targets, the program will start to realise profits by closing further parts of the trade
  • one-cancels-the-other order (OCO) - you can set up opposite pending trades, e.g. expecting the price to break out of a consolidation. If one of these is activated, the program will automatically cancel the other trade.

By using the Trade Manager in your day-to-day trading you are always aware of the risks you are taking, and you keep your trades and your account under control at all times.

The Trade Manager's intuitive and straightforward interface means that it will only take a moment to get to grips with the program, and our technical support is available whenever questions arise. If you want to have an edge in the market, you need to be "armed" with good tools.

EA Forex Trade Manager works on all kinds of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.

If you want to test the FULL FUNCTIONAL VERSION of the Trade Manager before you buy, contact us (visit our profile) for a free 7-day trial.


Reviews 20
Ishak Kovacevic
23
Ishak Kovacevic 2022.11.21 13:03 
 

Very kind and fast support, they exceeded my expectations. We solved the problem in a few minutes using the zoom application. Trade manager is very useful for me. I recommend cooperation with these gentlemen to everyone. Thank you Denis for everything! :)

lars venema
25
lars venema 2022.11.18 16:36 
 

the best trade manager out there it has improved my trading hugely it works fast and well very satisfied never had such good service I couldn't figure it out myself and they helped me neatly 10/10

vincetestarossa
34
vincetestarossa 2022.11.15 18:48 
 

Its not every day that I take the time to provide feedback for any items I purchase, especially from a site that markets Indicators for my MT4 platform, however, after having trialled the ‘trial’ of 3 indicators from InvestSoft, I have been compelled to write this review. I was looking for an ‘edge’ to my trading and everyone that I spoke to in the trading world was telling me insure I execute my trades and manage them properly, otherwise I would just lose my account if I became emotionally attached to losing trades. So, I did a search of the internet and came across the InvestSoft Trade Manager EA. I read through all the reviews and the information on their website and decided to try the Trade Manager EA because they offer a 7 day trial. WOW. That’s all I can say. What an amazing, productive, and useful EA as it helps me execute flawlessly and manage my trades in split seconds. Absolutely brilliant! So far, I’ve had nothing but help and advice from both Janusz and Denis who helped me install the this and some of the other indicators I purchased from InvestSoft on my MT4 platforms because I just couldn’t seem to work out how to do it. It was my mistake as I didn’t know how to install directly from the MQL5 site, but Denis actually helped me instal everything via Zoom! Which other indicator company does that? Anyway, I’ve continued using the Trade Manager EA and I’m now feeling more confident with all my trades so I would most definitely recommend the Trade Manager EA to anyone who is looking to develop their trading professionalism. Thanks and well done Janusz and Denis. Keep up the great work. I look forward to looking into any new products that you develop.

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With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for
119 USD
Two quick answers for frequently asked questions: 1. If it's your first time to buy at MetaQuotes Market and don't know how/where to install your purchased EA, please follow MetaQuotes official guide here . If Tradingview alerts come from a symbol that has different name with MT4's, please set 'Symbol Mapping List' variable at copier EA as explained at below instructions. 2. If you're looking for evaluation, please find the demo copy of Copier EA, user guide & bridge app download link
200 USD
Market Pressure Dashboard is a new generation utility. Its main function is to assist you and give you operational ideas optimizing your analytical work. Using this utility you could monitor a lots of financial instruments (max 28 symbols FOREX) in a very simple way. The Market Pressure indicator allows you to customize the internal list of the symbols to be monitored. The opening function and position management with this panel will be much more comfortable and navigation charts very powerful.
150 USD
MT4 Strategy Builder
Jacobus Van Schoor
4.27 (15)
MT4 Strategy Builder ('StratBuilder')   is a grid-trading order management utility which runs on the MT4 platform.   This product is now also available on the MT5 platform:     https://www.mql5.com/en/market/product/68858 It is strongly suggested that a virtual private server (VPS) be rented,  to allow StratBuilder to run 24/7. The unique StratBuilder   concept:   A basket of trades is opened at predetermined price levels (ring-fenced per symbol and trading direction) and profit taking occurs
340 USD
EA for Cycle Sniper Indicator This utility is designed to open/close auto trades according to the Cyle Sniper indicator's signals. Different entry rules  with various stop loss, take profit options can be applied. You will find the details in this blogpost.  https://www.mql5.com/en/blogs/post/749655 Some important issues are explained in the video. Please do not hesitate to contact us if you need further information. IMPORTANT NOTE: You can not test the full functions of the EA on the strategy t
399 USD
Active Lines for MT4
Yury Kulikov
5 (19)
Attention:  Demo version for review and testing can be downloaded   here . It does not allow trading and can only be run on one chart. Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger condi
120 USD
Riskless Pyramid
Snapdragon Systems Ltd
Introduction This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. The user sets the total combined profit target to be gained if everything works out. This can be specified either as a multiple of the original trade profit or as a total dollar amount. Fo
100 USD
Trade Copier Pro
Vu Trung Kien
4.54 (13)
Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
149 USD
More from author
Do you think that in markets where the price can change in a split second, placing orders should be as simple as possible? In Metatrader, each time you want to open an order, you have to open a window where you enter the opening price, stop loss and take profit, as well as the trade size. In trading the financial markets, capital management is essential to maintain your initial deposit and multiply it. So, when you want to place an order, you probably wonder how big a trade you should open? Wha
99 USD
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
168 USD
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
168 USD
This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel. Risk Reward Ratio Indicator works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc. If you want to make sure that Risk Reward Ratio Indicator works on your favorite symbols contact us ( visit our profile ) and ask for 7-day free trial to test this tool without limits. If you want to place orders easier, faster and more intuitive? If you like to mark tr
30 USD
TPA Sessions MT5
InvestSoft
4.75 (4)
"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can't explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!!  The first run of the TPA Session indicator  must be in the open market for the lines to be drawn correctly. Please visit our blog to study actual trades wit
50 USD
Risk Reward Ratio
InvestSoft
4.53 (15)
This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel. Risk Reward Ratio Indicator works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.  If you want to make sure that Risk Reward Ratio Indicator works on your favorite symbols contact us ( visit our profile ) and ask for 7-day free trial to test this tool without limits. If you want to place orders easier, faster and more intuitive? If you like to mark tr
30 USD
TPA Sessions MT4
InvestSoft
4.91 (11)
"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run of the TPA Session indicator must be in the open market for the lines to be drawn correctly. Please visit our blog to study actual trades with
50 USD
Filter:
Ishak Kovacevic
23
Ishak Kovacevic 2022.11.21 13:03 
 

Very kind and fast support, they exceeded my expectations. We solved the problem in a few minutes using the zoom application. Trade manager is very useful for me. I recommend cooperation with these gentlemen to everyone. Thank you Denis for everything! :)

lars venema
25
lars venema 2022.11.18 16:36 
 

the best trade manager out there it has improved my trading hugely it works fast and well very satisfied never had such good service I couldn't figure it out myself and they helped me neatly 10/10

vincetestarossa
34
vincetestarossa 2022.11.15 18:48 
 

Its not every day that I take the time to provide feedback for any items I purchase, especially from a site that markets Indicators for my MT4 platform, however, after having trialled the ‘trial’ of 3 indicators from InvestSoft, I have been compelled to write this review. I was looking for an ‘edge’ to my trading and everyone that I spoke to in the trading world was telling me insure I execute my trades and manage them properly, otherwise I would just lose my account if I became emotionally attached to losing trades. So, I did a search of the internet and came across the InvestSoft Trade Manager EA. I read through all the reviews and the information on their website and decided to try the Trade Manager EA because they offer a 7 day trial. WOW. That’s all I can say. What an amazing, productive, and useful EA as it helps me execute flawlessly and manage my trades in split seconds. Absolutely brilliant! So far, I’ve had nothing but help and advice from both Janusz and Denis who helped me install the this and some of the other indicators I purchased from InvestSoft on my MT4 platforms because I just couldn’t seem to work out how to do it. It was my mistake as I didn’t know how to install directly from the MQL5 site, but Denis actually helped me instal everything via Zoom! Which other indicator company does that? Anyway, I’ve continued using the Trade Manager EA and I’m now feeling more confident with all my trades so I would most definitely recommend the Trade Manager EA to anyone who is looking to develop their trading professionalism. Thanks and well done Janusz and Denis. Keep up the great work. I look forward to looking into any new products that you develop.

Whitty Whit
25
Whitty Whit 2022.11.14 15:15 
 

Trade Manager is an excellent tool for managing your trades. The customer support group is outstanding. They quickly respond to your problems and resolve all your issues very quickly!

JadeZilla
19
JadeZilla 2022.11.14 03:49 
 

Game changer of a tool. Customer service from Denis in particular is fantastic. I was having issues with a setting and Denis responded to my emails within the hour, offered to get on a Zoom call with me, and promptly solved my problem. Thanks Denis!

Georgetrade1010
19
Georgetrade1010 2022.11.11 12:56 
 

User didn't leave any comment to the rating

arsalanaligondal21
21
arsalanaligondal21 2022.11.11 06:34 
 

Denis was great help resolving my problem!

jrburgos
40
jrburgos 2022.11.10 17:51 
 

Denis was great help resolving my problem! and fast!

Biswas Khadka
23
Biswas Khadka 2022.11.10 14:09 
 

User didn't leave any comment to the rating

Bose0606
20
Bose0606 2022.11.07 06:50 
 

Trade Manager is the best Trade Manager EA. It works perfectly with a VPS set up running MT4 so you can shut down your own PC and have Trade Manager manage it all for you. The developer is a great communicator who rolls out updates and new product features regularly and the community forum is a wealth of knowledge. Best Purchase of 2022 right here will finally take partials like a pro.

281286TK
19
281286TK 2022.11.04 15:09 
 

Had an issue with the software , contacted support . Respondes within minutes , problem solved . Great service .

Michal Chovanec
23
Michal Chovanec 2022.11.02 20:03 
 

Denis, the best support when I had a problem, he helped me even though I don't know English, he was patient with me very good product

Manuel Podmenik
23
Manuel Podmenik 2022.11.01 12:34 
 

Best tool ever for professional traders, even better for beginners, since it makes management a piece of cake. The layout is simple and user friendly, with a lot of configurations for calculating lotsize, taking partials, breakeven etc. Also a special shoutout to Denis for answering any questions about different functions and new upcoming functions of Trade manager. All in all, a tool i no longer want to trade without.

Robin
36
Robin 2022.10.28 20:14 
 

This tool pretty much has changed my Trading career ! The devs are responding friendly and help you. I love this tool. Also they update it when you come up with ideas. Amazing ! Love it ! Thanks.

cincytrader
19
cincytrader 2022.10.27 03:02 
 

Great tool

Jakub Jurina
188
Jakub Jurina 2022.10.25 16:08 
 

This tool should have every trader....it will make your trading so easy + support is one of the best i have ever seen. 10/10

Nick2000
19
Nick2000 2022.10.20 09:34 
 

The customer service/ support is incredible and really fast to respond to your question. The trade manager is a must in my trading now, this software really help me manage my risk I suggest it to every trader.

taneice chavers
28
taneice chavers 2022.10.19 17:57 
 

I just started using trade manager but so far it has been working as expected. I had an issue installing it on my MacBook, reached out to support, and Dennis was absolutely amazing! He responded To my email right away and then set up a zoom to walk me through the steps of getting the trade manager to work! I was really impressed with his level of customer service!

Crown Wealth
70
Crown Wealth 2022.10.19 10:39 
 

The rating could have been five, but a significant drawback is the EA slows down mt4 and sometimes causes it to hang momentarily. I hope you can concentrate on mt4 slowness areas before adding new features.

I was reducing my rate, as I contacted the support four days, but there was no response. So much for great support.

InvestSoft
55363
Reply from developer Janusz Trojca 2022.10.19 11:17
Every time we had such a report it was an old indicator that removes and creates hundreds or thousands of objects on the chart with each tick. These are operations that take a lot of CPU time. When we change a simple thing so that these objects are not deleted and recreated every time, but simply modified, the difference is clear and you can work freely even on old, slow computers.
We have available technical support, so you can always contact us in case of any problems. We will find the source of the problem and show you the solution. If necessary, we can connect remotely by zoom. In this way, we have helped many of our satisfied customers, as can be seen in the reviews below. On our part, we make every effort to ensure that the code is optimal and works in all conditions, but it is not possible to constantly add new functions or improve existing ones or increase the automation of the program without increasing the demand for computer resources ( of course, to a reasonable extent with optimized code). Therefore, with each update we face the dilemma of whether we are developing the program further to cover the needs of traders for individual functionalities and that the program should be as ergonomic as possible, or whether we will limit the development due to the presence of old badly coded indicators.
Pammie
29
Pammie 2022.10.17 12:50 
 

Denis is awesome and delivers super fast support. Looking forward to using this awesome tool.

Reply to review
Version 3.35 2022.09.30
- added stealth mode for SL / TP - possibility to hide stop loss or take profit
- added possibility to disable SL / TP
- added automatic SL / TP setting function for orders opened without stop loss and take profit
- possibility to define Trailing Stop parameters as risk reward ("rr")
- possibility to set parameters of partial closing, Trailing Stop and Break Even as price / level
- a new tag has been added that displays the ratio of the current profit to the initial stop loss for a market order
- possibility to modify SL / TP or close a group of orders (buy orders, sell orders, all orders)
- added the possibility of dividing the order into batches of the selected size
- fixed unlimited lot function for pending orders
Version 3.34 2022.04.25
- visualization of partial closing levels on a chart
- new tags have been added to the text configuration
- improvement and optimization of the open/stop/target block operation
- abandoning the transparency of texts on the bars in open/stop/target block
- the possibility of increasing the height of the bars in open/stop/target block
- correct work with chart templates
- added possibility to trade a lot greater than max. allowed lot (divided into few trades).
Version 3.33 2021.11.11
- fixed bugs and improved operation of the open / stop / target block
Version 3.32 2021.10.29
- fixed the behavior of the bars at the order opening price when scrolling the chart (it keeps fixed localization)
- fixed the display of the open / stop / target block when scrolling and scaling the chart
- the location of the panel window was taken into account when adding information bars for orders. When the panel is displayed on the right, bars are added at the left edge of the chart and vice versa
Version 3.30 2021.10.21
- information bar for each order placed
- the possibility of modifying the order by dragging the lines on the chart
- an additional panel for managing individual transactions, allowing you to set separate settings for each order.
- changing the operation rule for automatic Break Even. After the execution of the Break Even function, it is turned off, which allows for further "manual" control of the stop level.
- in the parameters of partial closing, you can use the "rr" unit when determining the activation level with the active Trailing Stop and Break Even (the program remembers the initial stop loss)
Version 3.20 2021.05.28
- new additional options of panel zoom: 80%, 200%, 225%, 250%
- added a dialog box where you can set the exact level of the opening price (showing by a Ctrl+left-click on the open bar)
- including commission in lot calculations
- two pin states SL and TP: a single click on the pin is a SL / TP pinned that can be moved with the mouse; a double click is an SL / TP pinned without the possibility of moving the mouse
- support for symbols with lot lower than 0.01
- improvement of the prefix and suffix auto-detection procedure
- exclusion of the import of SL and TP values from the settings of other symbols
Version 3.1 2021.04.01
- fixed issue with panel maximise at big screen resolution
- improved a block/lines drawing for some cases
Version 3.0 2021.03.30
- new look for the open / stop / target line
- reverse button at the open line to flipping long / short position
- pin button at the stop and target for pinning levels separately
- no need to double-click the line with the left mouse button before moving
Version 2.41 2020.10.27
- fixed issue with BreakEven (percent and RR option)
- improved display of text on buttons on high screen resolutions
- fixed problem of the panel hiding behind the char area with zoom greater than 100% and right alignment
- improved calculation formula for "Futures"
Version 2.40 2020.10.23
- added OCO (One Cancels the Other) function
- drawing and clearing lines (open, stop and target) is on the one button
- trailing stop: activation parameter as % of distance to TP and parameter trailing as protection of % of earned profit.
- ability to disable button to open market orders when lines (open, stop and target) are drawn on the chart (pending orders only)
- ability to set max. lot size. If this size is exceeded, a warning message box will appear.
- display on the lines the amount value in the account currency of the stop and target without cents
- display stop and target as a % of the account balance or equity
- the third option for setting the distance of partial order closing and breakeven activation: Risk Reward (rr)
- break even offset as % of earned profit ("Profit" parameter)
Version 2.31 2020.10.02
- fixed an issue with "Move SL to BE" option
Version 2.30 2020.09.25
- added SL/TP fields to the panel
- add comment field into the panel
- add option to place open line x pips below/over candle
- handling different order filling types (only MT5 version)
- improved partial closing algorithm to handle also trades without SL/TP
- improved calculation formula for "Futures" and optimized orders closing procedure
Version 2.20 2020.08.14
- added an option to automatically close a part of open orders
- added a button on the panel for manual closing a part of open orders
- added a button on the panel for manual moving Stop Loss to Break Even.
Version 2.11 2020.07.09
- improved panel visibility on high screen resolution. In the Trade Manager's settings window there is possible to choose 1 of 4 variants of panel zoom: 100%, 125%, 150%, 175%
- bug fixes
Version 2.1 2020.06.23
- flexible line texts configuration. Now it is possible to display distances as price, in pips and in points or in account currency. Also it is possible to display risk reward ratio value and lots;
- automatically hide lines after order fill (as an option default on);
- automatically minimize panel after order fill (as an option default off);
- possible set default distance of stop loss & take profit lines when drawing it on chart as fixed value in pips or a multiple of the ATR value. ATR parameters to set in Trade Manager settings window;
- moved "close" buttons set to the first tab to make all open and close buttons available without need to switch between tabs;
- new tab: config;
- moved Risk Reward Ratio parameter from settings window to config tab;
- moved Allowed Risk % from settings window to config tab;
Version 2.0 2020.04.29
- adding break even and trailing stop options
- window reduction in a minimized state
Version 1.1 2020.03.26
- buttons for quick open BUY/SELL orders (without drawing lines on chart)
- automatically adjust open price, stop loss and take profit to the nearest valid price. e.g. when price is quoted with 2 decimal points, but tick size is 0.25 (mainly for CFD)
- remembering state of panel when changing chart timeframe